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Update: De Beers Diamond Settlement Checks On the Way!
By Kimberly Mirando
We reported last month that the U.S. Supreme Court received a second petition for judicial review by a member of the Indirect Purchaser Class, which could have delayed the payment of claims for an undefined period of time.
Luckily, the Supreme Court did not take long making its decision, and it looks like Class Members will finally get paid after years of delays caused by challenges and appeals.
We’ll keep you notified as soon as we learn when Class Members can expect their settlement checks to arrive from the De Beers diamond class action lawsuit settlement.
A special thanks to Top Class Actions reader “Nico,” who alerted us to the update to the Settlement Administrator’s website, DiamondsClassAction.com.
Updated June 7th, 2013
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202 thoughts onUpdate: De Beers Diamond Settlement Checks On the Way!
So the administrator has had 6 years to prepare for the distribution, and they still need time to verify claims? Unreal. They shoud have had this ready to go a long time ago. I hope they pay a decent interest amount and make the extra weight worthwhile
Who should I contact if my mailing address has changed since I filed like 5-6 years ago…or however long ago it was??
Very excited to read this news as I invested a large amount of money in diamonds and gold. Just wish I knew when we would be getting this all cleared up. Any idea how to contact these people to get our assigned claim number (?) )and if and when they will request records of purchases….
I emailed the claims administrator- was told that a proposed date is not known, however still checking claims per number of filings to distribute payments individually, on amount submitted. ***No one will rec. check/s before total number of claims are completed. (as of
friday, June 8, 2012) Thanks.
The amount you should get as far as percentages has not changed. The information can be found here: https://diamondsclassaction.com/pdfs/Consumer-ResellerNotice.pdf#page=9 under section CONSUMER DIAMOND PRODUCT TABLE
Angela,
did it come by certified mail?
Angela – how could you have gotten your settlement ‘a few weeks ago’? Today is June 8, 2012. Including May 21, 2012 and excluding May 31, 2012 only today stand at 14 business days.
The Diamond Class Action Settlement website says verbatim: “On May 21, 2012, the U.S. Supreme Court denied the final petition for review. The claims administrator is conducting final claim audits, and distribution of settlement funds should take place within the next few months. “
No fruit loop settlement or rice krispies… I did receive a payment that was about 5% of the claim I submitted. I even have an assigned claim number. Maybe I’m at the top of the list but just hold on you’ll get yours too
There was a rice crispie settlement a few months ago. Maybe Angela is talking about that settlement. Or maybe she got fruit loop settlement (lol).
Sorry Angela no debeers checks yet. Keep watching your mailbox.
now how the hell angela get money already and they talkin about a few months for the checks. People stop lieing on the real whatever u get it more than u had. hahahahahaha and i bet half yall still buying diamonds